Tag: u.s.

Jul 20 2021

Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

Jul 20 2021 Published at Bitcoinist.com under tags  cbdc china digital yuan u.s.

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. As the document...

Jun 17 2021

National Republican Congressional Committee To Accept Bitcoin Donations

Jun 17 2021 Published at Bitcoin Magazine under tags  bitpay business donations politics u.s.

The National Republican Congressional Committee has become the first national party committee to solicit bitcoin donations.According to Axios, the Republican Party's U.S. House of Representatives campaign division will start accepting contributions in bitcoin, making the National...

Jun 08 2021

Biden Tech Advisor Owns Between $1 Million And $5 Million In Bitcoin

Jun 08 2021 Published at Bitcoin Magazine under tags  business regulation u.s.

Tim Wu, a proponent of net neutrality serving the White House, has disclosed that he owns $1 million to $5 million in bitcoin.Top antitrust expert at the White House, Tim Wu, owns between $1 million and $5 million worth of bitcoin, the largest holding in his financial portfolio, according to a report from...

Jun 07 2021

Former U.S. President Donald Trump Says He Doesn't Like Bitcoin Because It Competes With Dollar

Jun 07 2021 Published at Bitcoin Magazine under tags  business donald trump regulation u.s.

Former U.S. President Donald Trump told Fox Business that he doesn't like bitcoin because it competes with the dollar.Former U.S. President Donald Trump told Fox Business that he doesn't like Bitcoin because he sees it as a competitor to the dollar."Bitcoin just seems like a scam," said Trump in the interview. "I don't like it...

Jun 02 2021

The Patriotic Case For Bitcoin

Jun 02 2021 Published at Bitcoin Magazine under tags  culture u.s.

Bitcoin represents the various aspects of freedom present in the American tradition of self sovereignty.An anarchistic digital currency pioneered by cypherpunks and first used on shady internet sites is not something one would typically associate with patriotism. Nevertheless, as our country strays further from its founding ideals of liberty, decentralization, and personal responsibility, perhaps Bitcoin is...

May 29 2021

Why The U.S. Treasury Wants Brokers To Provide More Information About Crypto Assets

May 29 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd eth ethereum

The United States Department of Treasury has published the “General Explanations of the Administration’s Fiscal Year” as President Joe Biden released his Budget for 2022. In...

May 20 2021

Interview: Bitcoin In Congress With Warren Davidson

Representative Warren Davidson joined the "Bitcoin Magazine Podcast" to discuss bitcoin, Congress and the "Token Taxonomy Act."Watch This Episode On YouTubeListen To This Episode:...

U.S. Wants To Require That Large Bitcoin Transactions Are Reported To IRS

A tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS.A tax enforcement proposal from the Biden administration would compel businesses accepting bitcoin transactions of more than $10,000 to report them to the Internal Revenue Service (IRS).“Cryptocurrency already poses a significant detection problem by facilitating illegal...

May 06 2021

Coinbase Transparency Report Shows U.S. Leads Way In Bitcoin User Data Monitoring

May 06 2021 Published at Bitcoin Magazine under tags  business coinbase regulation u.s.

A report from cryptocurrency exchange Coinbase shows that the U.S. is the most aggressive in seeking information about bitcoin traders.Major cryptocurrency exchange Coinbase has released its latest “transparency report,” providing data on customer information requests it received from government and law enforcement agencies between July 1, 2020 and December 31, 2020.Among the insights into who requested...

Apr 28 2021

U.S. Government Sells 9.45 BTC At Significant Market Discount

Apr 28 2021 Published at Bitcoin Magazine under tags  auction markets u.s.

Surprisingly, 9.45 BTC auctioned off by a U.S. government agency was purchased at a market discount.The U.S. government sold 9.45 BTC during a four-day auction that closed earlier this week, with the bitcoin being purchased at a notable discount compared to market prices.The auction was performed by GSA Auctions, a service of the United States General Service Administration (GSA) that functions...

Uncovering The Hidden Costs Of The Petrodollar

Apr 28 2021 Published at Bitcoin Magazine under tags  culture oil petrodollar u.s. u.s. dollar

The world’s reserve currency relies on oil, dictators, inequality and the military-industrial complex. But a Bitcoin standard could change this.In its growth from conceptual white paper to trillion-dollar asset, Bitcoin has attracted an enormous amount of criticism. Detractors focus on its perceived negative externalities: energy consumption, carbon footprint, lack of centralized control and inability to be...

Apr 16 2021

U.S. Imposes Sanctions On Russia-Linked Bitcoin Addresses

Apr 16 2021 Published at Bitcoin Magazine under tags  culture regulations russia u.s.

In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses.As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently announced sweeping...

Mar 03 2021

How Will The Biden Administration Affect BTC?

How will a Democratic administration in the U.S impact bitcoin regulation and the BTC price over the next four years?Joe Biden is officially the 46th president of the United States and the Democratic Party is back in power. We are all already aware of how this has affected the price of bitcoin — coincidence or not, the BTC price has more than...

Jan 21 2021

Bitcoin Slumps to $31K on Sell-Off in US and Europe

Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.

Nov 18 2020

Nov 17 2020

Bitcoin Responds To American Vote Of No Confidence In Electoral Politics

The 2020 U.S. Presidential Election swept over the nation with chaos and turmoil. The election mess, with alleged voter fraud, ballot tampering and the removal of Republican election observers challenged the notion of a fair and free election. On the Saturday after Election Day, when major news networks and the Associated Press called the...

Oct 07 2020

Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that...

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